Demand Flexibility: Revolutionizing Energy Management

Countries across the globe are shifting from fossil fuels to renewable energy sources in order to attain their Net Zero goals. While this shift is environmentally advantageous, it poses a significant challenge: the current inability to promptly ramp up or down the production of solar, wind, and hydroelectric power to accommodate fluctuations in demand. To address this issue, one potential solution is fostering demand flexibility, which encapsulates the capacity, incentive, and readiness of consumers to adjust their energy consumption in alignment with the grid's requirements.